St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-10-19
A RT HsaRss., Of g.. ITScoRpoRATIoN OF


hhoW all men by these presents that we
whose names are hereunto subscribed. have
agreed to, and do hereby associate ourselves
under the constitution and laws of the state
of Minnesota as CORPORATION. organized for
the purpose OF carrying on manufacturing
business, and to that end have adopted and
signed the following articles, viz:
flrst-Ihe name of said CORPORATION shall
De macdonald Fire Escape Co. - and the
general nature of its business shall be to man
u1acture, construct and furnish ready for use
the patented inventions commonly known as
the Macdonald fire escape" or ''the Mac
donald fire escape and fire extinguisher com
bined or both, and the several parts thereof:
ana SAID corporation shall have power 10
purchase, acquire, take, hold, use and dispose
OF any real or personal property necessary
proper or convenient for the prosecution Of
SAID business, including the patents covering
SAID inventions and the rights, powers and
privileges established and conferred by Them
or any improvement thereto and to grant
rights to manufacture under any such pat
ents as may be owned by it, The principal
place Tor transacting the business of said
CORPORATION shall be the city of st. Paul, in
the state of Minnesota
Second-Said corporation shall commence
on tne Z7th day of October, A. ID. 1887, and
snail continue for the term of thirty wears.
!nlrd-The amount of the capital stock of
SAID corporation shall be five hundred thou
sand dollars $500, O0O), and the same shall
be divided into five thousand Is OOO) shares
OF one hundred dollars {S1CO) each. and the
same, when not fully paid by the subscriber
at the time the stock is issued 10 him. shall
be paid in as called for by the board of di-
rectOrs.
Fourth-The highest amount of indebted
ness ness, or liability to which said corporation
snail at any time be subject shall be fifty
Thousand dollars $50, 00O)
FIfth-The names and places of residence
OF the persons forming said corporation are:
S Sii l.: Macdonald, Shakopee, Mimi: Eli
Southworth. Shakopee, Mimi. David L. How
Shakopee, Mimi; W. z. Warner, ST. Paul
Mimi; John ID. Brien, St Paul, Mimi.
S1xth-The government of said CORPORATION
ana the management of its affairs shall be
vested in board Of five directors three q,
OF whom shall constitute quorum, and such
omcers and agents as such board of directors
shall elect or appoint. Every officer of said
corporationshaie continue Snotfice for the term
OF one year. and until his successor shall have
been elected and qualified provided. that any
officer of said corporation NAV be
removed at any time by the board of direct
ors. Meetings of the stockholders of said
corporation for the election of directors and
transaction of other business shall be held at
the office of said corporation. in the city of
st. Paul, aforesaid. annually on the first
tuesday In September in each year. The di
rectors OF said corporation shall be elected
by the stockholders at their said annual
meetings. There shall be president. vice
president, secretary and treasurer elected by
the poafa or directors. and every vacancy III
any of said Offices or in said board occasioned
by death. resignation or otherwise, shall he
filled by said board for the unexpired term,
The compensation and duties of the officers
and directors of said corporation shall be
prescribed by. the bylaws. The by
laws of SAID corporation shall be
adopted by the stockholders at their
first annual meeting and the same shall be
changed or modified only by the stockhold-
ers at an annual meeting thereof or at a
special meeting called by notice to the sew
eral stockholders and setting forth the
change or modification to be made; provided
that the first board of directors NAV adont
bylaws which shall continue in force mill
the first annual meeting of stockholders.
Provided further, that these articles shall not
be altered otherwise than By the stockholders
at an annual meeting thereof and the first
article thereof shall be modified with re-
spect to the general nature of the business to
be done only with the unanimous consent of
the stockholders. The names of the first
board of directors of said CORPORATION are
John L. Macdonald, Eli SouthWortt David
l.. How, W. ?. Warner and John D. O'Brien.
In witness whereof the persons hereinbe-
fore named as incorporates have hereunto
subscribed their names and affixed their seals
this 18th day of October, A D. 1887.
JOHN l.. MACDONALD, TSeaI.J
ELI SOUTHWORTH, fSeal.
DAVID L. HOW fiscal
W. P. WARNER tSealj
JOHN d. O'BRIEN, Seal
In presence of
W. j. TRAsK,
John T. NOOK